$351.6M Bitget Hack Tied to North Korean Hacking Group

Bitget, a leading cryptocurrency exchange, suffered a security breach on September 24 involving approximately $351.6 million in digital assets.

The company's CEO, Gracy Chen, said that investigators identified IP addresses linked to VPN services previously used by a North Korean hacking group and noted similarities with earlier attacks.

Bitget assures that user funds remain safe, citing its User Protection Fund, which holds more than $464 million.

The breach was detected at 18:31 UTC on September 24 when Bitget's security systems identified unauthorized transfers involving a limited number of hot wallets.